Vickery Holman was instructed to prepare a Financial Viability Assessment (FVA) for a proposed residential development in Liskeard, assessing its ability to meet Cornwall Council’s planning policy requirements.
The proposed market-led development comprised 202 dwellings and was subject to a policy requirement for 25% affordable housing. The assessment needed to establish whether this level of provision was financially viable.
We prepared an FVA examining the proposed development’s values, costs and resulting viability. This provided the evidence to support subsequent negotiations with the Local Planning Authority over the level of affordable housing the scheme could deliver.
We demonstrated that the development could not viably support the policy requirement of 25% affordable housing and secured agreement to reduce this to 15%, helping to address the scheme’s viability constraints.
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